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Category Archives: Network Marketing
Network Marketing
Internet Marketing – It Works If You Work.
It’s not really news, but it’s the truth, the state of the economy isn’t as good as it could be. This has, unfortunately, caused a lot of people to lose their primary source of income, or has led to a cut in their pay. Historically, this has made for an increase in people starting their own home business. The good news is that the internet has put this dream within reach of more people than ever before. Internet marketing is the umbrella term applied to the practice of advertising an online business.
Starting your own online business is a great way to start earning more money. Regardless of your circumstances, there is a low cost to getting started. In fact, there are ways you can get started for free, or for very little money. Traditional businesses can cost $1,000; $10,000; $100,000 or more to get started. That’s fine if you can afford it, but as mentioned earlier, most people today are not in the kind of financial position to spend that kind of money. Either way, internet marketing is a vital part of running a successful online business.
To be sure, internet marketing covers a lot of different things, but they all come back to getting the word out. The precise methods available are not as important as how they are used; meaning the principles behind them are what counts.
When it comes to internet marketing, the first thing you have to do is know who you are marketing to. The better you understand who your audience is, the more you stand to make. You can have more than one market, but know that each one stands on its own. For example, you can sell office chairs to people who work for Fortune 500 companies and you can sell them to people who work at home. The chairs may be the same, but how you approach each market will vary.
The internet is relatively new in the bigger scope of things. You can use this to your advantage. What it means is that a lot of well-established businesses are still trying to figure out how best to use it, too. In other words, you can compete directly with the biggest companies in the world, do it at a very low cost, and do better than they are.
Of course, this depends on several different factors, but it is possible. There are all kinds of internet marketers making a comfortable living online. All it takes is learning the right way to do things, then applying what you learn.
If you are thinking of making money from home (whether for fun or out of necessity) then internet marketing needs to be a part of your plan. The learning curve is fairly easy, the risks are low, and the potential pay offs are high. However, it is up to you to take action and follow through. Once you start seeing the results, you will be glad you did.
Keys To Network Marketing Success.
The key to network marketing success is in the understanding and appreciation of the network marketing business model and in particular the concept of product distribution. Network marketers make money by distributing products into the marketplace, earning a commission based the volume of product that moves through their business. Therefore, the key to network marketing success is in establishing a stream of customers who are willing to buy your product range, become preferred customers (repeat customers) or who are willing to join your organisation and help you to expand your customer base.
This concept is generally not new to most network marketers and therefore in this chapter were going to focus not only on what is required to have a successful network marketing business but also how to establish your business such that it runs itself and you can earn a walkaway residual income.
To start with were going to focus on how to expand your customer base and in particular the importance of leads (potential customers). One of the biggest lessons that we can teach people who are looking to take their network marketing business to the next level is that unless you have leads, you cannot continue to grow your network marketing business.
The good news is that the network marketing industry continues to evolve and today it is easier than ever to find new customers. Gone are the days where network marketing was limited to prospecting your friends and family into joining your network marketing company and for them to do the same. Although these methods are still commonly practiced and great for new comers, one of the biggest advancements of the industry in recent years was the introduction of the internet which truly has put the net into network marketing.
In this chapter we will step you through the process that will ultimately ensure your long term success, however for you to obtain maximum benefit from this chapter, you will need to ensure that your network marketing business is already established. Therefore if youre only just getting started in your network marketing business please fast track your success by referring to our Initial Network Marketing Training Chapter that is designed to help get you started.
Okay, lets show you how to build a walkaway residual income. We know that the network marketing industry is driven by product distribution and that we need customers (leads) to ensure our success. Therefore to make things simple we have summarised how to achieve network marketing success into a 3 step process.
3 Steps to Network Marketing Success
Step 1: Generate network marketing leads and lots of them
Step 2: Recruit these leads into becoming customers and distributors (As discussed in our previous training chapters)
Step 3: Turn these leads into network marketing leaders
Take your time to work your way through these steps as we help you to take your network marketing business to the next level.
Start your road to network marketing success and learn the importance of generating leads
Network Marketing Prospecting.
A chapter designed to improve your prospecting technique and build your downline
Network marketing prospecting is arguably the most important skill to master when looking to establish your network marketing business and therefore it is important you invest some time towards developing your technique. For this reason we have dedicated a whole chapter towards how to improve your prospecting success.
As the name suggests, network marketing is essentially a sales and marketing business. The problem with this is that there are very few network marketers who have tertiary qualifications in sales or marketing. Therefore it is important that you dedicate some of your training time towards learning some basic sales and social marketing principles such that you can develop your prospecting technique.
In this chapter we will teach you some essential marketing knowledge and show you how to promote your business opportunity even if you feel uncomfortable being a salesperson. Not only do we hope to make it easy, but also such that you can have fun along the way.
Note: Whilst all networkers are keen to start building a downline as soon as they get started in their business (and this chapter can show you how) we encourage you to first (if you havent already) review our Network Marketing Product Prospecting Chapter and learn why finding customers and promoting your products should be your main priority.
Network Marketing Prospecting Chapter Contents:
Network Marketing Sales Training: Network marketing is a sales business and therefore its important that you understand some basic sales principles. Regardless of your prospecting technique there are a few basic concepts that every network marketer should know.
Professional Prospecting Technique: Learn how to take a professional prospecting approach to network marketing and more importantly how to get the basics right. Learn the importance of building a relationship, prequalifying your prospects, identifying their hot buttons and why pre-selling is more important than selling.
Building a Downline: Learn the best way to present your business opportunity without blatantly trying to sell your business. Learn how you can get your prospects to want you to provide them with an opportunity.
Preparing the follow up The follow up is the most important part of the prospecting process, therefore a little bit of thought and time should be dedicated to ensure you are well prepared.
Closing the deal (The follow up part 2): Learn how by asking the right questions you are both in control of the conversation and the way they respond. The final step to securing success.
Prospecting Training Tools: Provides you with a list of training tools that can help you to further develop your prospecting technique (coming soon).
This chapter has been written similar to a chapter of a book and therefore you will benefit most if you read through each page in order. Start at the bottom of this page and well step you through each subheading the way in which they are meant to be read. Skipping ahead too early could make you miss a valuable lesson.
Network marketing is a business for life, so do not worry if you dont remember every detail within this network marketing prospecting chapter. You have plenty of time to fine-tune your prospecting technique, so come back to us and update your skills regularly. Why not join our network marketing blog such that you receive all of our updates.
Additionally there has been a lot of time and effort put into creating this FREE chapter such that you could benefit, therefore in the true sense of networking we encourage you to share this information with others and refer this network marketing training website to your colleagues.
Important note: Just like our Getting Started Network Marketing Training Chapter, and our Network Marketing Product Prospecting Chapter which you should have completed by now, the role of this chapter is to build on, not replace the training that you should have received from your company when you joined the business. Additionally you will benefit most from this chapter when you complete the activities and practise these skills with your sponsor or upline distributors.
To start this network marketing prospecting chapter lets review some key prospecting sale principles.
Happy Network Marketing Prospecting!
Network Marketing Product Prospecting Free training chapter.
Welcome to our free Network Marketing product prospecting chapter. In this chapter we will provide you with all the practical knowledge and skills you need to help develop an active customer base for your network marketing business. This chapter is jam packed with training information, hints and tips, so if you havent already we encourage you to bookmark this page (add to your favourites), such that you can come back at any time and complete your training or do some revision.
There is no doubt that the best investment you can ever make in network marketing is the time invested to develop your prospecting technique. In this chapter we will focus on developing your network marketing product prospecting skills and then later (if you havent already) well show you how to develop your business prosecting technique.
Network Marketing Product Prospecting Contents
In this chapter we will teach you how best to build your customer base and we encourage you to teach your downline the same. The following is a list of topics that we will examine in this chapter. We encourage you to read right through to the bottom of this page before skipping ahead as well take you through each of these topics they way in which they were intended. If at any point you wish to go straight to a specific topic you can return to this page for easy navigation.
Product Prospecting vs Recruiting Distributors – Learn the importance of developing a network marketing customer base.
Network Marketing Product Training Learn how to make your product marketable
How to find network marketing customers?
Casual Prospecting
Network Marketing Product Display
Network Marketing Product Parties
Network Marketing Advertising
Network Marketing Product Presentations (coming soon)
Network Marketing Retention (coming soon)
Start your Network Marketing Product Prospecting Training
To start with, one of the biggest mistakes new distributors make in the network marketing industry is to focus purely on recruiting distributors, when what they should be doing is considering a multi-faceted approach which prioritises establishing a solid customer base. Lets look at why?
To understand why network marketing product prospecting is so important we need to quickly review the theory behind network marketing. Network Marketing is essentially a sales business that uses direct selling and relationship referrals as a method of marketing and selling a companys product line. Individual network marketers act like a franchisee to the parent company and are paid a commission based on the volume of product or services sold as a result of their own organisations efforts.
The key principle we want to emphasis here is that the main goal of any network marketing company is to sell their products or services to the marketplace. Whilst for network marketers, recruiting new distributors can offer numerous attractive bonuses, at the end of the day, moving your companys product (or services) into the marketplace should always take priority over recruiting new distributors (contrary to popular belief). Essentially what we are trying to say is that building a network of customers is the best way to develop a long-term network marketing business and a truly passive income stream.
Why is there so much emphasis placed on recruitment?
When network marketing started out over 50 years ago and communication was limited to face-to-face conversations, recruiting distributors was an easy way to find new customers. For example if you have a current network of 100 people then realistically you are limited to a potential customer base of 100 people, but if you were smart enough to recruit 2 distributors into your downline who also knew 100 people, then you have now expanded your potential market from 100 potential customers to 300 potential customers. In theory this exposes your network marketing companys products to more people and therefore they have a greater potential to profit. Unfortunately one vital step forgotten in this transition is that that network marketers too often focus on expanding their potential customer base instead of expanding their actual customer base.
“In theory, there is no difference between theory and practice. In practice, there is no relationship between them.” unknown.
Whilst some networkers might argue that some compensation plans will pay out different amounts on different levels and therefore there is more incentive to recruit distributors in preference to customers, the reason why some companys choose to do this is to encourage distributors to actively build their business. This will help to establish their potential sales force and therefore facilitate the expansion of their customer base and the movement of their products.
Additionally your upline distributors profit from an expanding customer base. Therefore if they build a downline of active distributors who find customers in theory their customer base will expand exponentially. This is summarised well by renowned American Billionaire John Paul Getty
I would rather earn 1% of 100 peoples efforts than 100% of my own efforts- John Paul Getty
This concept is one of the driving forces behind the network marketing industry, so where does it go wrong? Why is it that so many new networkers bail out after such a short period? Its actually quite simple, this concept only works if those 100 people actually choose to work (ie find customers).
If you neglect the basic principles of product distribution your network marketing business is sure to struggle over the longer term. Too many new distributors focus their efforts towards recruiting a host of new distributors, when what they should be doing is building a customer base. Dont get us wrong, recruiting distributors will definitely help you to become a successful networker, but, only in the process of actively building a customer base. You can have a whole team distributors but if they fail to find customers, before long your distributors become frustrated at the lack of growth within their business (limited product sales) and they quit. The short term benefits of recruiting distributors have lead to long term frustration as you struggle with downline retention.
In summary there are only 2 ways to build a successful network marketing business
Build an active customer base (people who buy your products)
Build a downline of independent distributors who assist you to build an active customer base
The common component to both these strategies is that at some point you are required to build an active customer base. This network marketing product prospecting training chapter will teach you how.
Start this Network Marketing Product Prospecting journey and learn why you should invest in product prospecting before trying to recruit distributors.Alternatively if you understand the importance of network marketing product prospecting and you want to get straight to the how to, skip ahead to our network marketing product training page.
Network Marketing Training Getting Started.
Welcome to our Initial Network Marketing Training chapter which is designed to help get you started
Congratulations on taking the first step towards controlling your future and joining a network marketing business, welcome aboard. To begin with, it is important to understand that while most network marketers can offer a valuable contribution to the industry, when most people join the industry for the first time they do so without any previous business, marketing or sales experience (not that this is a bad thing). Therefore it is important that we learn from those successful network marketers before us and in particular learn what works well and also identify the common mistakes.
The secret to successful network marketing is a basic formula that can be applied to almost any aspect of your life and therefore it is arguably one of the most valuable lessons you could possibly learn and we suggest you write it down.
Goals + Actions = Results
This basic formula will help to steer you in the right direction, keep you focused and get results. In this chapter we will we show you how to set the right goals and demonstrate the necessary actions required to complete the equation such that you get the desired results.
Throughout this chapter we will also share with you some important business experiences, demonstrate business building techniques and highlight some of the common mistakes such that you can learn to avoid them.
| This chapter is NOT designed to replace the initial network marketing training package that you should receive when you first join a network marketing company. It is strongly recommended that you work closely with your organisation and upline distributors to receive adequate company-specific training. Make sure you complete your initial training for the best possible results. This chapter is designed to build on (not replace) that knowledge and experience. |
In this network marketing training chapter we will focus on a number of topics which you will find listed below. Please read through to the bottom of this page before returning to this list to systematically work through those which are appropriate.
- Develop a network marketing plan of action to help you to achieve your business goals
- Network Marketing Mistakes – Learn the 7 deadly sins of network marketing and how to avoid them.
- Take our network marketing test to see if your ready to graduate to the next chapter.
Remember, this chapter is designed for you to build on the knowledge that you should have learnt as part of your initial training. In particular, we will highlight some of the key training principles that you should be familiar with and why they are so important. A good example is goal setting. Most network marketing companies ask their distributors to set goals, but fail to demonstrate or provide them with the necessary tools to do so. In this chapter we have put together a thorough lesson in goal setting, using proven techniques from some of the most successful personal coaches in history. We have even included a FREE goal setting template that we encourage everyone to use.
Although we encourage personal one-to-one training with all new distributors, we quite often find that when you have a large organisation it can be very time consuming to be continually training your new downline members basic concepts that could be learnt by reading the right material. This is one of the main reasons we created this chapter. As a result this network marketing training chapter is designed to teach new distributors some basic network marketing success principles such that the one-to-one time can be best spent helping to build their businesses.
If you believe we have missed a valuable lesson that we should add to this chapter, we would love to hear about it. More specifically, how we could make training your downline distributors easier. Please dont hesitate to contact us and share your thoughts and feedback.
One final note to remember before you work through this network marketing training chapter is that in any given network marketing company everybody has the same products, the same compensation plan and the same tools. Therefore the only obstacle that stands in your way of success is you. For this reason we are here to support you all the way. Make a commitment, be willing to learn from your mistakes, and in the true concept of networking be willing to share and support others along the way.
Please return to the list of topics featured above and systematically work your way through each of these topics. Once you have completed this network marketing training chapter and you have started to establish your business, please review our secrets to success chapter for further direction.
Good Luck!
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Global Network Marketing.
There is no better time than now to build a global network marketing business. Despite recent economic events the network marketing industry continues to prove itself as an attractive home based business and dominant worldwide trend.
To demonstrate the strength of the global network marketing industry in this chapter we will review some prominent network marketing countries and things to consider when trying establish an international network marketing business.
International Direct Selling Statistics
To start with, a review of the Direct Selling Industry as a whole shows that it has had consistent growth for more than 50 years with the World Federation of Direct Selling Associations now representing 58 countries around the globe and more than 62 million independent direct selling distributors.
Whilst not all network marketing companies are a member of the Direct Selling Association (DSA) for varying reasons, the DSA represents the largest international governing body of the network marketing industry and therefore it is able to provide us with the most accurate reflection of international growth and sales figures for the industry.
A recent DSA publication (2008) suggests that across the globe the direct selling industry totals approximately $411 billion US in annual retail sales contributing significantly to both national the world wide economies.
There is no disputing the fact that Network Marketing is one of the fastest growing industries of all time, creating more millionaires today than the ‘dot-com’ industry did before the bubble burst and it comes as no surprise that the network marketing business model is now being endorsed by many business leaders around the world as a proven business system for anyone who wishes to achieve financial success.
Building an International Network Marketing Business
Traditionally network marketers have been reluctant to build an international network marketing business due to the expense and difficulties in international communication. Today however through improved communication strategies and the internet almost anyone in the industry has the potential to build a global network marketing business, limited only by which countries your company operates.
To assist network marketers to build a global network marketing business, this chapter will briefly review the direct selling trends and cultures of some of more prominent English speaking network marketing countries. For more information readers are encouraged to speak to their company directly about global network marketing opportunities.
There are a number of global network marketing opportunities for those entrepreneurs looking to expand their business overseas. To assist networkers to learn about the network marketing industry of each country please find a review below.
- Network Marketing Australia
- Multilevel Marketing in Malaysia
- Network Marketing in Canada
- Network Marketing United States
- Network Marketing New Zealand (coming soon)
- Network Marketing India (coming soon)
Network Marketing Information.
Can you trust network marketing information presented to you on the internet?
Having been involved with network marketing for a number of years, our industry team can appreciate how difficult it can be to try and find quality information about the industry on the Internet. Although the Internet has definitely made the industry much easier to work in, it is also a place where people will try to sell you anything and those who hold a grudge can easily voice their opinion. As a result our team of networking experts have joined forces to help clarify a lot of the misinformation that is often circulating about the network marketing industry (particularly on the Internet) and give a true representation of how the industry works.
To start with, one of the main advantages to the network marketing industry is the fact that anyone can join a network marketing company, including those with no previous business experience or a limited education background. For many, this is a great opportunity that levels-the-playing-field and allows anyone with the desire to achieve, to become successful. Unfortunately this same concept can also have a negative impact. There are a number of people within the network marketing industry with no sales or marketing skills, who are basically trying to run a sales and marketing business.
This is not to discourage people with no previous experience from joining a network marketing company, but instead offers the opportunity to provide people looking at the industry for the first time the necessary network marketing information required to make an educated decision. Additionally, this website will provide the opportunity for guidance on how to run a network marketing business so you get results, whilst also helping to give the industry the reputation it deserves.
Our free training chapters can show you how to make the most out of this proven business model, teaching you the right way from the start and allowing you to graduate with the knowledge and the support that you need to succeed.
To provide a comprehensive review of the industry, this website is jam packed full of network marketing information, including the history of multilevel marketing, current industry trends, how to achieve network marketing success, why people fail, how to understand compensation plans, what to look for in a company, and much more.
So that it is easy for you to find us again, please sign up to our network marketing blog so that we can be keep you up-to-date with our free training chapters and giveaways. Additionally, in the true sense of networking, if you find this website useful please recommend it to others and help to share this network marketing information.
Start your journey by visiting our homepage
Understanding compensation plans the easy way
Start you business with a boom by learning the initial training essentials
Sick of getting rejected Start by polishing your prospecting techniques
Learn how home business benefits are influencing global business trends
Internet Marketing – Putting the Net into Network Marketing.
Internet marketing is the future of home based business and in particular, that of network marketing. Gone are the days where network marketing was all about prospecting friends and family into joining your network marketing company and having them do the same. One of the biggest advancements of the industry in recent years was the introduction of the internet, which truly put the net into network marketing.
Do you feel uncomfortable or lack the confidence to explain what your company has to offer? Well you no longer have to. Modern day network marketing allows you to use the internet, not only to manage your business and to provide training, but also to find new prospects and to do all the selling for you.
Network marketing has never been so easy. In fact, through the use of the internet it is possible to run your entire network marketing business without ever having to leave your home or meet people face to face.
Through the power of the internet you can convert your network marketing business into an internet marketing business, enjoying both the benefits of a leveraged residual income created through network marketing whilst adding the convenience and marketing strategies of an internet marketing business. It is a win-win opportunity.
Some of the online tools that can help make your network marketing business become an online internet marketing include:
Web Hosting
Most network marketing companies now offer new associates a personalised webpage with shop online facilities where your prospects can order direct from the company through your webpage while you earn the commission. In essence this is the same concept of internet marketing. Alternatively, you can create your own webpage and tailor it to meet your specific market, again allowing the internet to market either your business opportunity or your products. For more information on how you can build your business online click here
Online Business Management
Everything from updating your personal orders to managing your downline can be done online with most network marketing companies, including online training and management tools as part of your start-up costs.
Online Prospecting Tools
If you do not feel comfortable meeting your prospects face-to-face, trying to sell your products, or explaining the business model, you no longer have to. Simply refer your prospect to one or more of the many online prospecting tools. This takes you out of the sales role as you simply share with them some education and a fantastic opportunity.
Some of these online prospecting tools may include:
- Business Opportunity Videos
- Webcast / Live Presentations
- Most companies now have professional online videos explaining both their products and business model that can be watched by your prospects at a time that is convenient for them.
- Pre-recorded PowerPoint Presentations
- Plug your prospects into a live presentation broadcasted over the internet, where a successful senior member in the company does the presenting for you.
- Refer your prospects to a pre-recorded presentation where successful entrepreneurs within your company discuss the product line and share the business opportunity.
Grow an International Business
No longer is your network marketing business restricted by regional boundaries or just to those you know. Today, through the internet, you can easily prospect people you have never met and from countries all over the world.
Lead Generation
The internet allows you to access an endless supply of qualified leads who are actively looking to join a network marketing business, by responding to advertisements, online surveys etc.
Online Training Tools
Learn everything you need to know about your company and how to successfully grow your business simply by jumping online. The internet additionally allows you to do some independent research and learn from the leaders in the industry (not just those within your company), who share their methods of success, some of which you will find throughout this website.
The internet has truly made network marketing a very attractive and simple business model that has helped millions of entrepreneurs to achieve financial freedom. The internet also provides you with access to an abundance of knowledge. For example, this website provides you with FREE up-to-date information and training in network marketing, everything you need to know to become successful. Network and internet marketing couldnt get any easier.
Good luck with your network and/or internet marketing adventures. For more information on how you can build an online network marketing business, click here
In the spirit of networking and the internet, please recommend this site to others to help create a positive vibe about the industry.
Learn the benefits of running a home based business. Understand the principles of creating wealth and how to live a life of financial freedom.
Get Rich Quick or Consistent Hard Work.
Is network marketing a get rich quick scheme or does it require consistent hard work to earn good money?
The answer is both. However for most people the latter is more likely. Although it is possible to earn money quickly in the network marketing industry there are only a few members in the ‘get rich quick’ club. These people have been in the industry a long time and generally knew what they were doing. The majority of people who earn millions in the network marketing industry are those who have done so through consistent hard work. Just like the CEO of any big company you also need to work for your money in a network marketing business. The main difference is that when you retire as a CEO you stop getting paid. In network marketing however, your business continues to pay you regardless of whether you choose to retire, or not.
When people first join the network marketing industry they often do so with the belief that all they have to do is find their frontline distributors and from then on in everything seems to happen automatically. They get rich quick and continue to earn millions of dollars and earn a lifetime of financial freedom. Although in theory it is possible to get rich quick, in reality it rarely happens.
The good news is that for most people, consistent part-time work does pay off. Is network marketing a get rich quick business? It depends how you define quick. It wont happen overnight, but from what weve seen, those network marketers who work a consistent part-time effort are generally earning enough residual income to quit their fulltime work after about 3-5 years.
Why do so many network markers give up within the first 6 months?
Think of network marketing just like any other investment, it takes time to grow. The reason why people give up after just 6 months is generally because they are impatient and were expecting to get rich quick and not have to work for the money. Again, this is possible and yes there are a few people in network marketing that do get rich quick, but just like any other investment portfolio, generally good things come to those who wait.
The way in which residual income works in the network marketing industry is that in the beginning you are seriously underpaid for the work you do. For example, initially it may take you 10hrs of work to make a $50 profit which works out to be only $5 per hour. This is not even minimum wage in most countries and this is the point where many people will give up. What you need to realise is that as your organisation grows the opposite is also true. You become seriously overpaid. Not only are you earning a profit on the work you do, but also from the work of members in your organisation, where now you could easily be earning $500/hr.
Lets look at an example, if I offered you a lump sum of $16 000 today or 5c a year on the condition that it doubles each year for the next 25 years, what would be the best financial investment?
Most people would instantly start thinking about how good it would be to have an extra $16 000 and are happy to settle for the short-term gratification. What they fail to realise is that when you continue to double 5c each year, that 5c soon turns into $1.6 million. The table below helps to illustrate how this works.
Year |
Amount |
Cumulative |
| 1 | $0.05 | $0.05 |
| 2 | $0.10 | $0.15 |
| 3 | $0.20 | $0.35 |
| 4 | $0.40 | $0.75 |
| 5 | $0.80 | $1.55 |
| 6 | $1.60 | $3.15 |
| 7 | $3.20 | $6.35 |
| 8 | $6.40 | $12.75 |
| 9 | $12.80 | $25.55 |
| 10 | $25.60 | $51.15 |
| 11 | $51.20 | $102.35 |
| 12 | $102.40 | $204.75 |
| 13 | $204.80 | $409.55 |
| 14 | $409.60 | $819.15 |
| 15 | $819.20 | $1,638.35 |
| 16 | $1,638.40 | $3,276.75 |
| 17 | $3,276.80 | $6,553.55 |
| 18 | $6,553.60 | $13,107.15 |
| 19 | $13,107.20 | $26,214.35 |
| 20 | $26,214.40 | $52,428.75 |
| 21 | $52,428.80 | $104,857.55 |
| 22 | $104,857.60 | $209,715.15 |
| 23 | $209,715.20 | $419,430.35 |
| 24 | $419,430.40 | $838,860.75 |
| 25 | $838,860.80 | $1,677,721.55 |
Most people take the $16 000 option because they think short-term, they find the quick dollar or easy solution more appealing. Essentially the main difference between the wealthy and the working class is awealthy mindset. The wealthy are willing to sacrifice short-term pain in return for long-term gain, whereas the working class settle for short-term gains that lead to long-term pain and debt.
The point we are trying to make is that when you first join a network marketing business, dont fall into the trap of thinking youll get rich quick. Instead think of it as an investment where realistically for the first 3 months, you can probably expect to make little profit or barely break even. The good news is that through consistent part-time efforts, in the long-term you will earn this back many times over.
When you go to university it normally takes at least 3 years to get a degree, which costs a significant amount of money. Why do people do it? Because they see it as an investment for their future, not a cost. Network marketing is the same. Just like any other investment – real estate, shares, education – the reward is in the years that follow, not the first couple of months.
I remember the turning point of my network marketing career. I had been in the industry for about 6 months and wasnt really treating it all that seriously as I had a full-time job that I really enjoyed. After going to one of the companys social events I made a commitment to put in a little more effort the following week, working 1 hour a day on my network marketing business. Shortly after I received a cheque in the mail for $1990 for a week in which I worked 7 hours. Ive never looked back. For people in the industry this is often referred to as the turning point, or the tipping point, where things start to grow exponentially.
I now fully understand and appreciate the concept of residual income and the power of leverage. If you are looking to join network marketing to get rich quick, there is a good chance it will not happen and Id be cautious of anyone who is trying to tell you otherwise. However, if you see network marketing as a long-term investment, you see the whole picture and are willing to sacrifice some of your time in the short-term, so that in years to come you too can enjoy financial freedom, we are here to support you all the way.
Ibagold Network Marketing 
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